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Distance and time effects in Swedish commodity prices, 1732-1914

Crucini, Mario J.; Smith, Gregor W. - 2016

We study the role of distance and time in statistically explaining price dispersion across 32 Swedish towns for 19 commodities from 1732 to 1914. The resulting large number of relative prices (502,689) allows precise estimation of distance and time effects, and their interaction. We find an...

Persistent link: https://www.econbiz.de/10011437035

Distance and time effects in Swedish commodity prices, 1732- 1914

Crucini, Mario J.; Smith, Gregor W. - 2016

Persistent link: https://www.econbiz.de/10011474780

Early globalization and the law of one price : evidence from Sweden, 1732-1914

Crucini, Mario J.; Smith, Gregor W. - In: East Asian economic review 20 (2016) 4, pp. 427-445

Persistent link: https://www.econbiz.de/10011613443

Noisy information, distance and law of one price dynamics across US cities

Crucini, Mario J.; Shintani, Mototsugu; Tsuruga, Takayuki - 2014

Persistent link: https://www.econbiz.de/10011341962

Geographic barriers to commodity price integration : evidence from US cities and Swedish towns, 1732 - 1860

Crucini, Mario J.; Smith, Gregor W. - 2014

Persistent link: https://www.econbiz.de/10011341964

Early globaliaztion and the law of one price : evidence from Sweden, 1732-1914

Crucini, Mario J.; Smith, Gregor W. - In: East Asian economic review 20 (2016) 4, pp. 427-445

We review research using departures from the law of one price to measure the advent of globalization in Europe and Asia. In an application, we then study the role of distance and time in statistically explaining price dispersion across 32 Swedish towns for 19 commodities from 1732 to 1914. The...

Persistent link: https://www.econbiz.de/10011765035